Calix price target raised to $88 from $83 at Loop Capital

Loop Capital analyst Fahad Najam raised the firm’s price target on Calix to $88 from $83 and keeps a Buy rating on the shares after its Q4 earnings beat. The analyst recommends for investors to be "aggressive buyers" of the stock as its new disclosures highlight a significant revenue growth opportunity ahead from Cloud and managed services, with the company already demonstrating strong attach rates to its Edge Platform sales. The improving supply chain and the looming Federal Stimulus funding for broadband will add more fuel to the Calix growth engine, the firm tells investors in a research note.